1 00:00:01,280 --> 00:00:03,520 Speaker 1: This episode is brought to you by P and C Bank. 2 00:00:03,920 --> 00:00:06,680 Speaker 1: A lot of people think podcasts about work are boring, 3 00:00:06,880 --> 00:00:10,719 Speaker 1: and sure they definitely can be, but understanding a professionals 4 00:00:10,800 --> 00:00:14,080 Speaker 1: routine shows us how they achieve their success little by little, 5 00:00:14,440 --> 00:00:18,079 Speaker 1: day after day. It's like banking with P and C Bank. 6 00:00:18,560 --> 00:00:21,360 Speaker 1: It might seem boring to safe plan and make calculated 7 00:00:21,400 --> 00:00:24,479 Speaker 1: decisions with your bank, but keeping your money boring is 8 00:00:24,520 --> 00:00:27,840 Speaker 1: what helps you live or more happily fulfilled life. P 9 00:00:27,960 --> 00:00:32,800 Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly 10 00:00:32,840 --> 00:00:35,479 Speaker 1: Boring since eighteen sixty five is a service mark of 11 00:00:35,520 --> 00:00:38,760 Speaker 1: the PNC Financial Service Group, Inc. P and C Bank 12 00:00:39,159 --> 00:00:41,360 Speaker 1: National Association Member FDIC. 13 00:00:43,080 --> 00:00:48,000 Speaker 2: So let's start with building block corner. Maybe we could 14 00:00:48,000 --> 00:00:49,680 Speaker 2: start that like a new segment of like, you know, 15 00:00:49,800 --> 00:00:51,519 Speaker 2: things that you just need to know, whether you're just 16 00:00:51,520 --> 00:00:54,400 Speaker 2: starting out on your financial journey rebuilding or just trying 17 00:00:54,400 --> 00:00:57,240 Speaker 2: to figure out. And it's something that my son had 18 00:00:57,280 --> 00:00:59,200 Speaker 2: asked me a while ago as far as like credit, 19 00:00:59,280 --> 00:01:03,080 Speaker 2: like what is fight go? And I thought that, you know, 20 00:01:03,120 --> 00:01:06,200 Speaker 2: what I described it a while back was that I 21 00:01:06,240 --> 00:01:11,400 Speaker 2: feel like fiko is your transcript as an adult. So 22 00:01:11,480 --> 00:01:15,160 Speaker 2: like you know, as a child, you have a transcript 23 00:01:15,240 --> 00:01:18,679 Speaker 2: in high school, right, and that transcript is vitally important 24 00:01:18,680 --> 00:01:23,560 Speaker 2: because what that transcript says pretty much determines where you're 25 00:01:23,560 --> 00:01:28,920 Speaker 2: going to go to college. Right, So they're making decisions 26 00:01:29,000 --> 00:01:32,880 Speaker 2: based off of your grades nine times out of ten, 27 00:01:32,920 --> 00:01:35,199 Speaker 2: actual curricular activity and stuff like that. But they're making 28 00:01:35,240 --> 00:01:37,560 Speaker 2: decisions based off of your grades and your report cards 29 00:01:38,080 --> 00:01:40,759 Speaker 2: for four years to determine what type of students you're 30 00:01:40,800 --> 00:01:42,679 Speaker 2: going to be. Sometimes they're wrong, sometimes they're right, but 31 00:01:43,000 --> 00:01:45,280 Speaker 2: that's what they're going to do. Right. As an adult, 32 00:01:46,200 --> 00:01:49,080 Speaker 2: your report card doesn't really matter. But what does matter 33 00:01:49,160 --> 00:01:53,520 Speaker 2: is your credit score. Yeah, so your credit score they're making. 34 00:01:53,600 --> 00:01:55,800 Speaker 2: A bank is going to make a decision whether you're 35 00:01:55,840 --> 00:01:57,920 Speaker 2: worthy enough to get a loan to buy a home, 36 00:01:58,320 --> 00:02:00,400 Speaker 2: whether you can live in this apartment some time, whether 37 00:02:00,440 --> 00:02:02,720 Speaker 2: you can get a job, whether you can get you 38 00:02:02,760 --> 00:02:04,120 Speaker 2: can't get a car, whether you're going to pay an 39 00:02:04,120 --> 00:02:05,960 Speaker 2: extra two hundred dollars a month for the car, because 40 00:02:05,960 --> 00:02:08,760 Speaker 2: they're seeing if you're a responsible person or not, and 41 00:02:08,800 --> 00:02:13,399 Speaker 2: how they're determining your responsibility is based off of your 42 00:02:13,520 --> 00:02:14,320 Speaker 2: FIGHTO score. 43 00:02:16,000 --> 00:02:18,480 Speaker 1: The interesting thing about FIGHTCO was, like most people hear 44 00:02:18,520 --> 00:02:21,800 Speaker 1: about it. They don't even know. It's a publicly traded company. 45 00:02:22,120 --> 00:02:23,639 Speaker 3: And one of the best in the market, one of 46 00:02:23,720 --> 00:02:24,240 Speaker 3: my favorites. 47 00:02:24,680 --> 00:02:26,920 Speaker 1: If you look at this charts over the past five years, 48 00:02:26,960 --> 00:02:30,080 Speaker 1: you've seen how crazy it's going. But most people realize 49 00:02:30,480 --> 00:02:32,280 Speaker 1: when it's too late, right, they'll figure out, I got 50 00:02:32,320 --> 00:02:34,720 Speaker 1: to figure out my credit score? Who is Fightco? And 51 00:02:34,760 --> 00:02:38,640 Speaker 1: so the idea of bureaus coming together to give you 52 00:02:38,680 --> 00:02:40,840 Speaker 1: a score that are really are pretty much going to determine, 53 00:02:40,880 --> 00:02:43,080 Speaker 1: like you said that transcript about trust, whether you're going 54 00:02:43,160 --> 00:02:45,239 Speaker 1: to be right, like can we loan to you, whether 55 00:02:45,320 --> 00:02:48,840 Speaker 1: that's for a car, whether it's for a home, or 56 00:02:48,880 --> 00:02:51,200 Speaker 1: whether that's for trying to get a job. Like that 57 00:02:51,360 --> 00:02:54,160 Speaker 1: score is so important, and so when I'm looking at them, 58 00:02:54,200 --> 00:02:55,680 Speaker 1: like how do they actually make money? 59 00:02:56,200 --> 00:02:56,359 Speaker 2: Right? 60 00:02:56,400 --> 00:02:59,600 Speaker 1: So they don't actually sell credit scores. They actually license 61 00:02:59,760 --> 00:03:02,520 Speaker 1: out rhythm for the credit scores, And if you're in 62 00:03:02,760 --> 00:03:05,800 Speaker 1: any financial institution, people are going to track your credit scores, 63 00:03:05,840 --> 00:03:08,000 Speaker 1: so they get to sell that over and over again. 64 00:03:08,200 --> 00:03:09,920 Speaker 1: When do they make the most money, Well, when you 65 00:03:10,000 --> 00:03:13,400 Speaker 1: see people actually trying to buy homes, and so when 66 00:03:13,520 --> 00:03:17,760 Speaker 1: interestas are low, when people are redfindancing, you just watch 67 00:03:17,800 --> 00:03:19,919 Speaker 1: Fight those shark. That's one of those tips that most 68 00:03:19,960 --> 00:03:22,919 Speaker 1: people don't think about, but everybody has to use, especially 69 00:03:22,960 --> 00:03:25,480 Speaker 1: if you're in America. Right if you're trying to invest, 70 00:03:25,560 --> 00:03:27,519 Speaker 1: especially in real estate or like I said, trying to 71 00:03:27,560 --> 00:03:30,120 Speaker 1: get a vehicle, you're going to need that score. And 72 00:03:30,200 --> 00:03:33,080 Speaker 1: once they know you needed an interest rates drop and 73 00:03:33,200 --> 00:03:35,720 Speaker 1: money becomes more affordable to people. They're like, all right, well, 74 00:03:35,800 --> 00:03:37,280 Speaker 1: this is the time that we should be watching this 75 00:03:37,360 --> 00:03:40,400 Speaker 1: company and actually reported last week. So these are those 76 00:03:40,440 --> 00:03:42,480 Speaker 1: little tippits that people don't talk about in finance that 77 00:03:42,520 --> 00:03:44,400 Speaker 1: you should know one. 78 00:03:44,280 --> 00:03:47,720 Speaker 3: Of the best performing stocks in the last ten years. 79 00:03:47,760 --> 00:03:50,440 Speaker 3: And on top of that, they have required monopoly that 80 00:03:50,520 --> 00:03:52,600 Speaker 3: most people don't think of. I've always been told to 81 00:03:52,640 --> 00:03:55,360 Speaker 3: think of your fight goal scores your financial trust for 82 00:03:56,120 --> 00:03:58,240 Speaker 3: and I think you can guys both touch on it. 83 00:03:58,320 --> 00:04:01,080 Speaker 3: But it's a lot of people who have been turned 84 00:04:01,120 --> 00:04:05,800 Speaker 3: away from amazing careers because that score wasn't high. So 85 00:04:05,840 --> 00:04:10,040 Speaker 3: it's really important, includos Tolwen thatlwin broadcasting all the time. 86 00:04:10,200 --> 00:04:15,240 Speaker 3: So about it. It is eight fifty, So kudos to my brother. Yeah, 87 00:04:16,040 --> 00:04:17,680 Speaker 3: MVP in all areas of life, yo. 88 00:04:19,040 --> 00:04:24,280 Speaker 2: And I think the last thing that it's interesting about 89 00:04:24,320 --> 00:04:29,159 Speaker 2: this is like you know, Fiko, as you said, is 90 00:04:29,160 --> 00:04:33,760 Speaker 2: a is a traded stock on the stock market, right, 91 00:04:34,279 --> 00:04:39,000 Speaker 2: So what happened is that when it it iPod in nineteen, 92 00:04:39,920 --> 00:04:48,560 Speaker 2: iPod in nineteen eighty seven at one dollar and forty 93 00:04:49,200 --> 00:04:52,920 Speaker 2: nineteen forty seven one dollar forty cents. It's currently trading 94 00:04:52,960 --> 00:04:57,080 Speaker 2: at seventeen hundred cent. But if you really look at 95 00:04:57,080 --> 00:05:02,360 Speaker 2: the chart, it really started to go crazy. It really 96 00:05:02,400 --> 00:05:07,880 Speaker 2: started to go crazy around twenty fourteen, twenty twelve, twenty, 97 00:05:08,000 --> 00:05:11,520 Speaker 2: let's just say twenty ten. After twenty ten, it started 98 00:05:11,520 --> 00:05:16,440 Speaker 2: to take off tremendously, right if you look at the 99 00:05:16,520 --> 00:05:23,039 Speaker 2: financial markets right, especially after the Great Recession, DoD Frank 100 00:05:23,400 --> 00:05:25,479 Speaker 2: oh this and it says a lot about the economy 101 00:05:25,520 --> 00:05:28,799 Speaker 2: that we're in right now, the importance of credit scores. 102 00:05:29,040 --> 00:05:30,640 Speaker 2: If you look at how the world was shape in 103 00:05:30,720 --> 00:05:35,520 Speaker 2: nineteen eighty eight, your credit score was a completely different 104 00:05:35,560 --> 00:05:38,520 Speaker 2: metric of meaning as far as your life importance than 105 00:05:38,600 --> 00:05:41,520 Speaker 2: it is in twenty twenty five. You can't even really 106 00:05:41,560 --> 00:05:44,520 Speaker 2: live without credit score right now. It says a lot 107 00:05:44,520 --> 00:05:46,960 Speaker 2: about the times when that we're in. But to put 108 00:05:46,960 --> 00:05:50,520 Speaker 2: it in perspective, the stock is up eighty five thousand percent. 109 00:05:50,400 --> 00:05:53,440 Speaker 3: Since power of long term holding. 110 00:05:53,600 --> 00:05:57,320 Speaker 2: Yep, it's up eighty five thousand percent. 111 00:05:57,920 --> 00:06:01,400 Speaker 3: And importance of intellectual property that I just cannot easily recreate. 112 00:06:02,520 --> 00:06:05,400 Speaker 1: Yeah, I mean you're talking about us DOT that was 113 00:06:05,520 --> 00:06:08,200 Speaker 1: up at twenty four hundred dollars. And so if you 114 00:06:08,200 --> 00:06:10,800 Speaker 1: look at that TEA, look at that pandemic run right 115 00:06:10,839 --> 00:06:14,040 Speaker 1: from like twenty nineteen where it's traded under six thirty 116 00:06:14,320 --> 00:06:17,359 Speaker 1: to that twenty four hundred dollars run. That's an incredible run. 117 00:06:17,440 --> 00:06:18,600 Speaker 1: And that was pulled back a little bit. 118 00:06:18,680 --> 00:06:18,800 Speaker 2: Right. 119 00:06:18,800 --> 00:06:21,640 Speaker 1: There's some uncertainty, right, We've seen it over the past 120 00:06:21,720 --> 00:06:24,000 Speaker 1: three years. We saw the market pulled back in twenty 121 00:06:24,000 --> 00:06:26,400 Speaker 1: twenty three, and so there's still some uncertainty. But here's 122 00:06:26,440 --> 00:06:30,240 Speaker 1: one thing that's gonna until America changes the credit system. Right, 123 00:06:30,279 --> 00:06:31,919 Speaker 1: this is a company that's not going anywhere, and this 124 00:06:32,000 --> 00:06:34,680 Speaker 1: is one of those companies and you're gonna need. Yeah, 125 00:06:34,800 --> 00:06:35,760 Speaker 1: You're absolutely gonna need. 126 00:06:35,960 --> 00:06:38,000 Speaker 2: I mean it's like you know, once again, Wu Tang 127 00:06:38,040 --> 00:06:40,640 Speaker 2: when they said in ninety six, cash rules everything around me, 128 00:06:40,880 --> 00:06:44,400 Speaker 2: and then we actually made that t shirt when we 129 00:06:44,440 --> 00:06:47,719 Speaker 2: first started that cream. Yeah, credit rules everything around me. 130 00:06:48,440 --> 00:06:50,560 Speaker 2: You've seen it happen in real time, right, now how 131 00:06:50,839 --> 00:06:53,720 Speaker 2: the monetary system has changed to become a pretty much 132 00:06:53,760 --> 00:06:56,400 Speaker 2: cashless society at this point in time, and everything is 133 00:06:56,440 --> 00:07:01,200 Speaker 2: run on credit, so understanding the credit credit credit rules. 134 00:07:01,480 --> 00:07:03,680 Speaker 2: It's like the clip song fight. Yeah yeah, yeah. 135 00:07:03,720 --> 00:07:08,320 Speaker 1: Shout out to them, Shout out to them. Man, Grammy nominated. 136 00:07:08,480 --> 00:07:10,280 Speaker 1: I know that they talked about how important the Grammys 137 00:07:10,320 --> 00:07:12,160 Speaker 1: were to them in Gwyna one that got nominated for 138 00:07:12,240 --> 00:07:15,720 Speaker 1: five Granmys. I see them winning at least three or 139 00:07:15,760 --> 00:07:16,280 Speaker 1: four of them. 140 00:07:16,360 --> 00:07:17,360 Speaker 2: I definitely got it. 141 00:07:17,960 --> 00:07:20,640 Speaker 3: And honestly one of the greatest campaigns of the last 142 00:07:20,640 --> 00:07:26,239 Speaker 3: ten years, just like one long rollout of quality and video, 143 00:07:26,880 --> 00:07:28,200 Speaker 3: music and fashion. 144 00:07:29,600 --> 00:07:32,240 Speaker 2: It's been a mass marketing standpoint. They had the best 145 00:07:32,280 --> 00:07:35,400 Speaker 2: rollout that I've seen in years to the nation, their 146 00:07:35,440 --> 00:07:39,680 Speaker 2: whole team, because I've never seen somebody that man they 147 00:07:39,800 --> 00:07:41,400 Speaker 2: was on they would think that there was Michael Jackson 148 00:07:41,400 --> 00:07:44,160 Speaker 2: as far as how many articles that they had written 149 00:07:44,160 --> 00:07:47,680 Speaker 2: about them. And then you know interview Vatican. They've performed 150 00:07:47,760 --> 00:07:50,240 Speaker 2: the Vatican. That's one hundred percent and just good people 151 00:07:50,320 --> 00:07:52,920 Speaker 2: man like you know mal As, somebody that's been highly 152 00:07:52,920 --> 00:07:54,760 Speaker 2: respected for a very long period of time. See him 153 00:07:54,760 --> 00:07:56,640 Speaker 2: step away and then step back like he never left 154 00:07:57,040 --> 00:07:59,000 Speaker 2: push a Tea, somebody that we've run into a few 155 00:07:59,040 --> 00:08:03,480 Speaker 2: times at our spoting Harris, we interviewed them reliability, you 156 00:08:03,520 --> 00:08:05,280 Speaker 2: know what I mean. He's a super smart dude as 157 00:08:05,280 --> 00:08:08,480 Speaker 2: far as getting money from on the medical side with 158 00:08:08,640 --> 00:08:11,280 Speaker 2: medical transportation companies, and he got a bunch of stuff 159 00:08:11,280 --> 00:08:13,720 Speaker 2: from the McDonald's licensing deal. He talked about that before. 160 00:08:13,840 --> 00:08:16,960 Speaker 2: So you know, these guys are not just successful for 161 00:08:17,000 --> 00:08:19,240 Speaker 2: no reason, Like they're really smart, Like I think hustling 162 00:08:19,480 --> 00:08:21,120 Speaker 2: because they are. The last thing I say about this 163 00:08:21,200 --> 00:08:25,320 Speaker 2: is I think the clips they solidified hustling, right, But 164 00:08:26,040 --> 00:08:28,840 Speaker 2: hustling is not just a matter of you know, just 165 00:08:28,920 --> 00:08:31,040 Speaker 2: hustling on the street corner, Like you really got to 166 00:08:31,040 --> 00:08:33,000 Speaker 2: stay up to the times. You gotta be in tune 167 00:08:33,080 --> 00:08:36,319 Speaker 2: what's going on, and you gotta actually have a sharp mind. 168 00:08:36,360 --> 00:08:38,400 Speaker 2: So even for them to like, you know that fight go, 169 00:08:38,679 --> 00:08:40,760 Speaker 2: You're don't about to stock fight go. Like that's like, 170 00:08:41,040 --> 00:08:42,600 Speaker 2: you know, you got to be understanding what's going on 171 00:08:42,679 --> 00:08:45,200 Speaker 2: right now because the world is moving so quickly that 172 00:08:45,240 --> 00:08:47,120 Speaker 2: if you pay attention to trends, you could you could 173 00:08:47,160 --> 00:08:47,560 Speaker 2: make money. 174 00:08:47,640 --> 00:08:49,600 Speaker 1: Yeah, and the best teacher has always been music, especially 175 00:08:49,600 --> 00:08:51,360 Speaker 1: for us, like we grew up just listening to music 176 00:08:51,400 --> 00:08:53,360 Speaker 1: and trying to learn things. So when I looked at 177 00:08:53,360 --> 00:08:55,240 Speaker 1: the track list, I said fight. I said, all right, 178 00:08:55,280 --> 00:08:57,880 Speaker 1: this is something we got to tap into. Man, Ernest, 179 00:08:57,920 --> 00:09:00,520 Speaker 1: what's up. You ever walk into a small business, everything 180 00:09:00,720 --> 00:09:04,160 Speaker 1: just works like the checkout is fast, their seats are digital, 181 00:09:04,679 --> 00:09:07,679 Speaker 1: tipping is a breeze, and you're out the door before 182 00:09:07,679 --> 00:09:11,840 Speaker 1: the line even builds odds are they're using Square. We 183 00:09:12,000 --> 00:09:14,520 Speaker 1: love supporting businesses that run on Square because it just 184 00:09:14,559 --> 00:09:17,800 Speaker 1: feels seamless. Whether it's a local coffee shop, a vendor 185 00:09:17,840 --> 00:09:20,120 Speaker 1: at a pop up market, or even one of our 186 00:09:20,160 --> 00:09:23,840 Speaker 1: merch partners. Square makes it easy for them to take payments, 187 00:09:24,040 --> 00:09:27,760 Speaker 1: manage inventory, and run their business with confidence, all from 188 00:09:27,880 --> 00:09:30,679 Speaker 1: one simple system. One of the things we love most 189 00:09:30,760 --> 00:09:34,640 Speaker 1: is seeing neighborhood businesses level up. Business West Indian spired 190 00:09:34,679 --> 00:09:37,720 Speaker 1: writing our community that started with a small takeout counter. 191 00:09:38,160 --> 00:09:40,840 Speaker 1: Now with Square they've been able to expand into a 192 00:09:40,880 --> 00:09:44,559 Speaker 1: full sit down restaurant and even started catering events across 193 00:09:44,640 --> 00:09:47,600 Speaker 1: the city. That's the kind of growth that inspires us, 194 00:09:47,840 --> 00:09:51,040 Speaker 1: and it's powered by Square. Square is built for all 195 00:09:51,080 --> 00:09:54,079 Speaker 1: types of businesses. From the corner bagel shop that turned 196 00:09:54,120 --> 00:09:57,480 Speaker 1: into a local chain to the specialty market with thousands 197 00:09:57,480 --> 00:10:00,320 Speaker 1: of unique items, to the stylist who's been hold you 198 00:10:00,400 --> 00:10:03,439 Speaker 1: down for years. If you're a business owner or even 199 00:10:03,559 --> 00:10:07,080 Speaker 1: just thinking about launching something soon, Square is hands down 200 00:10:07,080 --> 00:10:09,440 Speaker 1: one of the best tools out there to help you start, 201 00:10:09,800 --> 00:10:13,400 Speaker 1: run and grow. It's not just about payments, it's about 202 00:10:13,400 --> 00:10:15,840 Speaker 1: giving you time back so you can focus on what 203 00:10:16,000 --> 00:10:19,679 Speaker 1: matters most ready. To see how Square can transform your business, 204 00:10:19,920 --> 00:10:24,560 Speaker 1: visit Square dot com backslash, go backslash eyl to learn 205 00:10:24,600 --> 00:10:29,800 Speaker 1: more that Square dot com backslash, go backslash eyl. Don't wait, 206 00:10:30,120 --> 00:10:32,920 Speaker 1: don't hesitate. Let's Square handle the back end so you 207 00:10:32,960 --> 00:10:34,600 Speaker 1: can keep pushing your vision forward.